The post Coinbase Urges Third Circuit Court to Force SEC Action on Crypto Rules appeared first on Coinpedia Fintech News
Coinbase, one of the leading cryptocurrency exchanges, is pressing the Third Circuit Court to compel the U.S. Securities and Exchange Commission (SEC) to act on its long-pending rulemaking petition related to digital assets. The company has accused the SEC of bureaucratic delays and a lack of transparency, taking the legal showdown to a new level.
We’ve filed our response with the Third Circuit. Tl;dr: the SEC’s unilluminating “update” is mere bureaucratic pantomime and confirms that nothing short of mandamus will prompt the agency to take its obligations seriously. 1/3 https://t.co/DC1o8EflcH
— paulgrewal.eth (@iampaulgrewal) October 14, 2023
Highlights from Coinbase’s Court Filing
SEC’s Delay: Coinbase says the SEC has been slow to act on their request to clarify cryptocurrency rules.
Unsaid Denial: Coinbase believes the SEC has effectively rejected
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